More Greek Myths
With this article, the Economist expounds on modern-day financial greek myths, and enlists what happened after the euro zone rescued Greece in 2010. So, as a consequence, Germany insisted on enlisting the IMF. Then some worried about letting the Washington-based institution meddle in Europe. But Germany wanted the IMF as external enforcer, to impose rigour not only on Greece but also on the European Commission. More than two years later, the enforcer has at times been Greece’s main helper by seeking to ease the pace of austerity. What’s more is, it has been at odds with Germany over the previously unthinkable: the need to write off some of the billions that Greece still owes…
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